Warner/Chappell U.K. boss Mike Smith is stepping down from his role after four years for family reasons. A replacement will be announced in due course, according to a statement from global chiefs Guy Moot and Carianne Marshall.

Smith was named MD of the British company in 2016 by Jon Platt after spending time at Virgin EMI as President of Music. The exec described his stint at the pubco as "hugely rewarding."

“I want to thank all of my colleagues around the world, and the amazing songwriting talent I’ve had the privilege to work with for their love and support,” he said. "These past few years have been a very special time for the company, culminating with four of our artists — Celeste, Dave, Foals and Stormzy — picking up awards at this year’s Brits. As I leave the company for family reasons, I know that things are in good hands under the guidance of Guy and Carianne, and I wish them and everyone at the company the very best moving forward.”